MakeMyTrip (MMYT) Given Coverage Optimism Rating of 0.19

News stories about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MakeMyTrip earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.6365223806297 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

MakeMyTrip (NASDAQ:MMYT) opened at $29.80 on Friday. The stock has a market capitalization of $2,730.00, a P/E ratio of -9.46 and a beta of -0.01. MakeMyTrip has a one year low of $22.40 and a one year high of $40.90.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.08. The business had revenue of $151.40 million during the quarter, compared to the consensus estimate of $143.89 million. MakeMyTrip had a negative return on equity of 12.00% and a negative net margin of 38.95%. The company’s revenue for the quarter was up 97.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS. analysts anticipate that MakeMyTrip will post -2.25 EPS for the current year.

Several analysts have commented on the company. TheStreet downgraded MakeMyTrip from a “c-” rating to a “d” rating in a research note on Tuesday, November 14th. BidaskClub downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Goldman Sachs Group assumed coverage on MakeMyTrip in a research note on Thursday, November 30th. They set a “buy” rating and a $36.00 price objective for the company. Finally, Jefferies Group set a $30.00 price objective on MakeMyTrip and gave the company a “hold” rating in a research note on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.75.

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MakeMyTrip Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Insider Buying and Selling by Quarter for MakeMyTrip (NASDAQ:MMYT)

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